/ Technology

Guitar Center Inc. is using social networking tools to help release 50,000 CDs of a music compilation created by Guitar Center employees who are part of the company’s GAIN Program. The program gives employees an outlet for their musical talents.

GuitarCenter Inc. is using social networking tools to help release 50,000 CDs of a music compilation created by GuitarCenter employees who are part of the company’s GAIN Program. The program gives employees an outlet for their musical talents.

/ E-Retailers

Guitar Center, a multi-channel retailer of musical instruments, has agreed to acquire the assets of direct merchant The Woodwind & Brasswind, which would operate as part of Guitar Center’s Musician’s Friend subsidiary, Guitar Center said.

GuitarCenter, a multi-channel retailer of musical instruments, has agreed to acquire the assets of direct merchant The Woodwind & Brasswind, which would operate as part of Guitar Center’s Musician’s Friend subsidiary, GuitarCenter said.

With approval from a U.S. bankruptcy court, Musician’s Friend, a unit of Guitar Center Inc., will pay about $29.9 million for substantially all of the assets of musical instruments retailer The Woodwind & The Brasswind, Guitar Center said.

…approval from a U.S. bankruptcy court, Musician’s Friend, a unit of GuitarCenter Inc., will pay about $29.9 million for substantially all of the assets of musical instruments retailer The Woodwind & The Brasswind, GuitarCenter said.

/ E-Retailers

Guitar Center, which operates MusiciansFriend.com, posted web sales of $45.8 million for the second quarter, up 23% from the same quarter in 2004. Total sales at Guitar Center in the quarter were $402.3 million, up 18.4% from $339.7 million a year ago.

GuitarCenter, which operates MusiciansFriend.com, posted web sales of $45.8 million for the second quarter, up 23% from the same quarter in 2004. Total sales at GuitarCenter in the quarter were $402.3 million, up 18.4% from $339.7 million a year ago.